Consolidating Financial Information (Tables)

6 Months Ended

Jun. 30, 2013

Consolidating Financial Information [Abstract]

Supplemental Condensed Consolidating Balance Sheet

June 30, 2013

(In millions⁽¹⁾)



	Parent			Combined Guarantor Subsidiaries		Combined Non-guarantor Subsidiaries		Eliminations and Reclassification			Consolidated
Assets
Current Assets
Cash and cash equivalents	$	20.9		$	54.0	$	0.7	$	—		$	75.6
Receivables, net	3.8			98.2		0.1		(8.0		)	94.2
Prepaid expenses and other current assets	180.6			44.5		—		(177.6		)	47.5
Deferred income taxes	(1.0		)	23.8		—		—			22.8
Intercompany	(380.4		)	373.8		6.5		—			—
Total current assets	(176.1		)	594.5		7.4		(185.6		)	240.2
Long-term receivables	—			205.0		—		—			205.0
Property and equipment, net	23.3			261.2		0.9		—			285.4
Goodwill	—			697.5		—		—			697.5
Other intangible assets, net	—			800.1		—		—			800.1
Other assets, net	17.4			91.9		—		—			109.4
Investment in subsidiaries	1,697.6			—		—		(1,697.6		)	—
Total assets	$	1,562.2		$	2,650.1	$	8.3	$	(1,883.1	)	$	2,337.4
Liabilities and Stockholders’ Equity
Current Liabilities
Current maturities of long-term debt	$	12.7		$	—	$	—	$	(8.0	)	$	4.7
Accounts payable	2.1			36.6		—		—			38.7
Accrued employee compensation and benefits	7.5			7.3		—		—			14.8
Gift card liability	—			101.8		—		—			101.8
Other accrued expenses	16.0			205.0		0.1		(177.6		)	43.6
Total current liabilities	38.3			350.7		0.1		(185.6		)	203.6
Long-term debt	1,204.1			—		—		—			1,204.1
Financing obligations	—			52.0		—		—			52.0
Capital lease obligations	—			118.5		—		—			118.5
Deferred income taxes	1.3			346.6		—		—			347.9
Other liabilities	5.8			92.3		0.8		—			98.9
Total liabilities	1,249.5			960.1		0.9		(185.6		)	2,024.9
Total stockholders’ equity	312.7			1,690.0		7.4		(1,697.6		)	312.5
Total liabilities and stockholders’ equity	$	1,562.2		$	2,650.1	$	8.3	$	(1,883.1	)	$	2,337.4

⁽¹⁾ Supplemental condensed statements presented in millions may not foot/crossfoot due to rounding from Consolidated Statements presented in thousands.

Supplemental Condensed Consolidating Balance Sheet

December 31, 2012

(In millions⁽¹⁾)



	Parent			Combined Guarantor Subsidiaries		Combined Non-guarantor Subsidiaries			Eliminations and Reclassification			Consolidated
Assets
Current Assets
Cash and cash equivalents	$	9.9		$	54.0	$	0.6		$	—		$	64.5
Receivables, net	2.8			133.7		0.1			(8.0		)	128.6
Prepaid expenses and other current assets	151.3			64.6		—			(136.3		)	79.5
Deferred income taxes	(3.2		)	24.1		0.8			—			21.8
Intercompany	(394.9		)	389.0		6.0			—			—
Total current assets	(234.1		)	665.4		7.5			(144.3		)	294.5
Long-term receivables	—			212.3		—			—			212.3
Property and equipment, net	23.2			270.2		0.9			—			294.4
Goodwill	—			697.5		—			—			697.5
Other intangible assets, net	—			806.1		—			—			806.1
Other assets, net	18.4			92.3		—			—			110.7
Investment in subsidiaries	1,697.6			—		—			(1,697.6		)	—
Total assets	$	1,505.1		$	2,743.8	$	8.5		$	(1,841.9	)	$	2,415.4
Liabilities and Stockholders’ Equity
Current Liabilities
Current maturities of long-term debt	$	15.4		$	—	$	—		$	(8.0	)	$	7.4
Accounts payable	1.4			29.3		0.1			—			30.8
Accrued employee compensation and benefits	9.4			13.0		—			—			22.4
Gift card liability	—			161.7		—			—			161.7
Other accrued expenses	(42.5		)	223.8		0.5			(136.3		)	45.5
Total current liabilities	(16.3		)	427.8		0.6			(144.3		)	267.8
Long-term debt	1,202.1			—		—			—			1,202.1
Financing obligations	—			52.0		—			—			52.0
Capital lease obligations	—			124.4		—			—			124.4
Deferred income taxes	4.7			357.7		(0.2		)	—			362.2
Other liabilities	5.6			91.9		0.7			—			98.2
Total liabilities	1,196.1			1,053.8		1.1			(144.3		)	2,106.6
Total stockholders’ equity	309.0			1,690.0		7.4			(1,697.6		)	308.8
Total liabilities and stockholders’ equity	$	1,505.1		$	2,743.8	$	8.5		$	(1,841.9	)	$	2,415.4

⁽¹⁾ Supplemental condensed statements presented in millions may not foot/crossfoot due to rounding from Consolidated Statements presented in thousands.

Supplemental Condensed Consolidating Statement of Income and Comprehensive Income

For the Six Months Ended June 30, 2013

(In millions⁽¹⁾)



	Parent			Combined Guarantor Subsidiaries			Combined Non-guarantor Subsidiaries			Eliminations and Reclassification			Consolidated
Revenues
Franchise and restaurant revenues	$	1.4		$	250.5		$	0.6		$	—		$	252.5
Rental revenues	—			61.7			—			—			61.7
Financing revenues	—			7.1			—			—			7.1
Total revenue	1.4			319.3			0.6			—			321.3
Franchise and restaurant expenses	1.5			85.3			—			—			86.8
Rental expenses	—			48.8			—			—			48.8
Financing expenses	—			0.2			—			—			0.3
General and administrative	18.7			50.3			0.7			—			69.7
Interest expense	49.6			0.7			—			—			50.3
Amortization of intangible assets	—			6.1			—			—			6.1
Impairment and closure	—			1.0			0.1			—			1.2
Loss (gain) on disposition of assets	—			0.3			(0.5		)	—			(0.3		)
Debt modification costs	1.3			—			—			—			1.3
Intercompany dividend	(77.4		)	—			—			77.4			—
Income (loss) before income taxes	7.8			126.5			0.3			(77.4		)	57.1
Benefit (provision) for income taxes	27.4			(49.4		)	—			—			(22.0		)
Net (loss) income	$	35.2		$	77.1		$	0.3		$	(77.4	)	$	35.2
Total comprehensive income	$	35.2		$	77.1		$	0.3		$	(77.4	)	$	35.2

Supplemental Condensed Consolidating Statement of Income and Comprehensive Income

For the Six Months Ended June 30, 2012

(In millions⁽¹⁾)



	Parent			Combined Guarantor Subsidiaries			Combined Non-guarantor Subsidiaries			Eliminations and Reclassification			Consolidated
Revenues
Franchise and restaurant revenues	$	1.3		$	403.8		$	0.5		$	—		$	405.6
Rental revenues	—			61.2			—			—			61.2
Financing revenues	—			8.2			—			—			8.2
Total revenue	1.3			473.2			0.5			—			475.0
Franchise and restaurant expenses	1.2			216.6			—			—			217.7
Rental expenses	—			48.8			—			—			48.9
Financing expenses	—			1.6			—			—			1.5
General and administrative	13.1			62.7			1.0			—			76.9
Interest expense	54.4			5.5			—			—			59.9
Amortization of intangible assets	—			6.1			—			—			6.1
Impairment and closure	—			0.5			0.4			—			0.8
Gain on disposition of assets	—			(15.2		)	(0.8		)	—			(16.0		)
Loss on extinguishment of debt	2.6			—			—			—			2.6
Intercompany dividend	(91.1		)	—			—			91.1			—
Income (loss) before income taxes	21.1			146.6			(0.1		)	(91.1		)	76.5
Benefit (provision) for income taxes	27.2			(55.3		)	—			—			(28.2		)
Net (loss) income	$	48.3		$	91.3		$	(0.1	)	$	(91.1	)	$	48.3
Total comprehensive income	$	48.2		$	91.4		$	(0.1	)	$	(91.1	)	$	48.4

⁽¹⁾ Supplemental condensed statements presented in millions may not foot/crossfoot due to rounding from Consolidated Statements presented in thousands.

Supplemental Condensed Consolidating Statement of Income and Comprehensive Income

For the Three Months Ended June 30, 2013

(In millions⁽¹⁾)



	Parent			Combined Guarantor Subsidiaries			Combined Non-guarantor Subsidiaries			Eliminations and Reclassification			Consolidated
Revenues
Franchise and restaurant revenues	$	0.7		$	123.1		$	0.3		$	—		$	124.2
Rental revenues	—			30.7			—			—			30.7
Financing revenues	—			3.3			—			—			3.3
Total revenue	0.7			157.1			0.3			—			158.1
Franchise and restaurant expenses	0.6			41.7			—			—			42.3
Rental expenses	—			24.5			—			—			24.5
Financing expenses	—			0.2			—			—			0.2
General and administrative	9.5			25.8			0.3			—			35.6
Interest expense	24.6			0.3			—			—			25.0
Amortization of intangible assets	—			3.1			—			—			3.1
Impairment and closure	—			0.3			—			—			0.3
Loss (gain) on disposition of assets	—			0.3			(0.3		)	—			0.1
Intercompany dividend	(37.6		)	—			—			37.6			—
Income (loss) before income taxes	3.6			60.8			0.2			(37.6		)	27.0
Benefit (provision) for income taxes	13.3			(23.4		)	—			—			(10.0		)
Net (loss) income	$	16.9		$	37.4		$	0.2		$	(37.6	)	$	16.9
Total comprehensive income	$	16.9		$	37.4		$	0.2		$	(37.6	)	$	16.9

Supplemental Condensed Consolidating Statement of Income and Comprehensive Income

For the Three Months Ended June 30, 2012

(In millions⁽¹⁾)



	Parent			Combined Guarantor Subsidiaries			Combined Non-guarantor Subsidiaries			Eliminations and Reclassification			Consolidated
Revenues
Franchise and restaurant revenues	$	0.6		$	195.4		$	0.3		$	—		$	196.3
Rental revenues	—			29.1			—			—			29.1
Financing revenues	—			4.0			—			—			4.0
Total revenue	0.6			228.5			0.3			—			229.4
Franchise and restaurant expenses	0.6			105.3			—			—			105.9
Rental expenses	—			24.3			—			—			24.3
Financing expenses	—			0.9			—			—			0.9
General and administrative	6.1			30.6			0.5			—			37.2
Interest expense	27.0			2.7			—			—			29.7
Amortization of intangible assets	—			3.1			—			—			3.1
Impairment and closure	—			0.1			—			—			0.1
Loss (gain) on disposition of assets	—			1.2			(0.4		)	—			0.7
Intercompany dividend	(37.0		)	—			—			37.0			—
Income (loss) before income taxes	3.9			60.3			0.2			(37.0		)	27.4
Benefit (provision) for income taxes	12.8			(23.3		)	—			—			(10.5		)
Net (loss) income	$	16.9		$	36.9		$	0.1		$	(37.0	)	$	16.9
Total comprehensive income	$	16.9		$	36.9		$	0.1		$	(37.0	)	$	16.9

⁽¹⁾ Supplemental condensed statements presented in millions may not foot/crossfoot due to rounding from Consolidated Statements presented in thousands.

Supplemental Condensed Consolidating Statement of Cash Flows

For the Six Months Ended June 30, 2013

(In millions⁽¹⁾)



	Parent			Combined Guarantor Subsidiaries			Combined Non-guarantor Subsidiaries			Eliminations and Reclassification		Consolidated
Cash flows provided by (used in) operating activities	$	(62.7	)	$	118.2		$	(0.1	)	$	—	$	55.4
Investing cash flows:
Additions to property and equipment	(2.4		)	(0.5		)	—			—		(3.0		)
Principal receipts from long-term receivables	—			7.1			—			—		7.1
Proceeds from sale of assets	—			—			—			—		—
Other	—			—			—					—
Cash flows provided by (used in) investing activities	(2.4		)	6.5			—			—		4.1
Financing cash flows:
Payment of debt	(2.4		)	(5.0		)	—			—		(7.4		)
Payment of debt modification costs	(1.3		)	—			—			—		(1.3		)
Repurchase of common stock	(14.5		)	—			—			—		(14.5		)
Dividends paid on common stock	(28.9		)	—			—			—		(28.9		)
Restricted cash	—			1.6			—			—		1.6
Other	1.9			0.1			—			—		2.1
Intercompany transfers	121.2			(121.3		)	0.1			—		—
Cash flows provided by (used in) financing activities	76.1			(124.6		)	0.1			—		(48.4		)
Net change	11.0			0.1			0.1			—		11.1
Beginning cash and equivalents	9.9			54.0			0.6			—		64.5
Ending cash and equivalents	$	20.9		$	54.0		$	0.7		$	—	$	75.6

Supplemental Condensed Consolidating Statement of Cash Flows

For the Six Months Ended June 30, 2012

(In millions⁽¹⁾)



	Parent			Combined Guarantor Subsidiaries			Combined Non-guarantor Subsidiaries			Eliminations and Reclassification		Consolidated
Cash flows provided by (used in) operating activities	$	(64.9	)	$	101.1		$	0.1		$	—	$	36.4
Investing cash flows:
Additions to property and equipment	(3.0		)	(7.7		)	—			—		(10.7		)
Principal receipts from long-term receivables	—			6.6			—			—		6.6
Proceeds from sale of assets	—			21.5			—			—		21.5
Other	—			(0.8		)	—			—		(0.8		)
Cash flows provided by (used in) investing activities	(3.0		)	19.6			—			—		16.7
Financing cash flows:
Revolving credit borrowings	35.0			—			—			—		35.0
Revolving credit repayments	(35.0		)	—			—			—		(35.0		)
Payment of debt	(76.0		)	(6.1		)	—			—		(82.2		)
Restricted cash	—			(3.8		)	—			—		(3.8		)
Other	3.9			0.7			—			—		4.6
Intercompany transfers	130.1			(130.0		)	(0.1		)	—		—
Cash flows provided by (used in) financing activities	58.0			(139.2		)	(0.1		)	—		(81.4		)
Net change	(9.9		)	(18.5		)	0.1			—		(28.3		)
Beginning cash and equivalents	9.9			50.3			0.4			—		60.7
Ending cash and equivalents	$	—		$	31.9		$	0.5		$	—	$	32.4

⁽¹⁾ Supplemental condensed statements presented in millions may not foot/crossfoot due to rounding from Consolidated Statements presented in thousands.